Wells Fargo Creates Home Builder Banking Group
Wells Fargo & Co. has formed a new business unit to serve the needs of its residential developer clients on the East Coast,...
Treasury Names Two To Ally Board
The U.S. Department of the Treasury has appointed Henry Miller and Gerald Greenwald to the board of directors of Ally Financial Inc. The...
Home Builder Confidence Up In August
Builder confidence in the market for newly built, single-family homes has improved for a fourth consecutive month in August with a two-point gain...
Southern California Home Prices Up In July
Southern California home prices were up last month, according to new figures released by San Diego-based DataQuick. The median price paid for a...
Jamie Moyle Named CEO Of RealtyTrac
Irvine, Calif.-based RealtyTrac has promoted Jamie Moyle from president and chief operating officer to CEO. Moyle was previously the founder of the online...
Wells Fargo In $6.5M Settlement With SEC
Wells Fargo agreed to pay more than $6.5 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) that it...
Mortgage Master Opens Florida Operations Center
Mortgage Master Inc., a Walpole, Mass.-based mortgage bank, has announced an expansion of its corporate headquarters and operations center in Sea Girt, N.J.,...
Mortgage Applications Down Last Week
Mortgage applications decreased 4.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Regulators Issue Proposed Rule For Appraising Higher-Risk Mortgages
The nation's six federal financial regulatory agencies have issued a proposed rule to establish new appraisal requirements for what they describe as 'higher-risk...
Pacific Mercantile To Shut Down Wholesale Business
Pacific Mercantile Bancorp has become the latest lender to exit the wholesale mortgage market. The Costa Mesa, Calif.-based company announced that, based on...
OCC Chief Counsel Announces Retirement
Julie Williams, chief counsel of the Office of the Comptroller of the Currency (OCC), has announced that she will retire from federal service...
Canadian Housing Market Expected To Moderate Through 2013
Canada's new and existing home markets are expected to moderate through the end of 2012 and into 2013, according to new data issued...
Credit Union Federation Appoints New CEO
Cathie Mahon has been named the new CEO of the National Federation of Community Development Credit Unions. Mahon previously served as the...
Justice Department Drops Probe Of Goldman Sachs
The U.S. Department of Justice (DOJ) has declined to press criminal charges against Goldman Sachs Group Inc. in relation to allegations that the...
HUD Settles Discrimination Case With Alabama Utility
The U.S. Department of Housing and Urban Development (HUD) has reached an agreement with Huntsville Utilities in Huntsville, Ala., over charges that the...
FDIC Sues 11 Banks Over Colonial Bank Failure
The Federal Deposit Insurance Corp. (FDIC) is suing 11 banks - including Wells Fargo, Bank of America, JPMorgan Chase and Citigroup - over...
CFPB Recruiting Undercover Agents To Spy On Financial Institutions
Attention, would-be detectives: The Consumer Financial Protection Bureau (CFPB) is actively seeking investigators for undercover work designed to find abuses within the financial...
Azerbaijani Mortgage Fund To Launch E-Mortgage Program
While many U.S. lenders are still reluctant to embrace e-mortgage technology, the Central Bank of Azerbaijan is going full-throttle with this solution. The...
Canadian Housing Starts Down In July
Housing starts in Canada were trending at 219,600 units in July, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a...
Zeus Mortgage CEO Named ‘Hometown Hero’ By Houston Astros
Steven Kaufman, CEO of Houston-based Zeus Mortgage, has been selected as the Houston Astros' August Hometown Hero for his philanthropic endeavors. Each month,...